Earlier this year venture firm SoftBank Capital’s medical insurance company ratcheted prices up 25%. That was fresh on the mind of General Partner Josh Guttman as he was finalizing an investment in Sherpaa Inc ., a startup whose staff physicians give medical advice and treat employees of its clients via a mobile app. The service also helps reduce health insurance costs.

SoftBank Capital just led a $4 million Series A round for New York-based Sherpaa, VentureWire has learned, contributing about $2 million. Another $500,000 came from Tumblr Inc . founder David Karp , whose company is one of the earliest clients of Sherpaa, as VentureWire previously reported. Read More »

As it continues adding thousands of doctors to its secure communications network for health-care providers and reaches break-even for the first time, Doximity Inc. has raised a $54 million Series C round to further its goal of connecting every doctor in the country.

The Series C was co-led by new investors Draper Fisher Jurvetson and T. Rowe Price and Associates, the company said, joined by new investor Morgan Stanley Investment Management and the company’s existing investors. Read More »

Athenahealth Inc. is launching an accelerator to cultivate health-care information-technology startups that could help it expand its physician services and maintain its fast growth, Venture Capital Dispatch has learned.

Athenahealth’s cloud-based services help doctors collect payments, manage their practice and improve care. Its billing service gets 94% of claims paid the first time. If a claim is denied, it fixes the problem and provides that fix, through the cloud, for every physician on its network. It also offers electronic health-records and practice-management and care-coordination services.

The company, founded in 1997, serves some 47,000 health-care providers. With help from last year’s purchase of mobile-health company Epocrates Inc., its 2013 revenue grew 41% to $595 million compared with 2012. After going public at $18 in 2007, it now trades at $195. Read More »

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Produced by the editors of Dow Jones VentureWire, Venture Capital Dispatch tracks the fast-moving developments at the intersection of high-tech innovation and venture capital finance. Featuring the VentureWire reporting team in the Silicon Valley, New York, Boston and Shanghai tech centers, Venture Capital Dispatch provides insight into the newest start-ups and latest trends in venture capital investing. Write us at VCdispatch@dowjones.com. For more information on Dow Jones products covering venture capital and other financial markets, go to http://pevc.dowjones.com.